The Lithuanian online gambling market presents significant opportunities for operators, with strict regulations ensuring fair play and responsible gaming. Here's what you need to know about starting an online casino in Lithuania:

Legal Framework and Market Overview

Online gambling is legal in Lithuania but requires licensing from the Gaming Control Authority. The market shows strong growth, with 2023 revenues reaching €222.2 million (13.5% increase), including €148.4 million from online gambling.

Key Requirements for Starting an Online Casino

1. Licensing Process

• Valid for 5 years
• Application fee around €20,000
• Processing time: 30 days to 6 months
• Capital requirements: €144,000 to €1,158,000

2. Company Registration

• Register as LLC under Lithuanian law
• EU-based companies eligible
• No physical presence required since July 2022

3. Technical Requirements

• Secure and reliable software platform
• User-friendly website and mobile apps
• Diverse game selection
• Multiple payment methods
• Strong security measures

Essential Operational Considerations

• Implement responsible gambling tools
• Provide multi-channel customer support
• Monitor financial performance
• Ensure regulatory compliance
• Deploy effective marketing strategies

Market Projections

The Lithuanian online gambling market is expected to reach €424.5 million by 2028, with an annual growth rate of approximately 15% in the online segment.

Success Factors

1. Strong security protocols
2. Responsible gaming measures
3. Quality customer support
4. Diverse game portfolio
5. Multiple payment options
6. Effective marketing strategy
7. Regular performance monitoring
8. Compliance with regulations

The market continues to evolve with technological advancements and changing consumer preferences, making it essential for operators to stay adaptable and innovative while maintaining strict compliance with regulations.

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